Why RICE

Rice Framework Imagine you are a Product Manager at a company and your goal is to drive user engagement.  The engineering team has encouraged you to develop “feature A” since they feel that users will like it.  The design team is saying that a website revamp is the best possible thing to do at the moment.  But a key stakeholder is saying that neither of those two things should be done, but instead another feature should be worked on first.  


Everyone who came to you with advice did so with good intentions.  They were basing their recommendations on gut feelings and emotions.  However, your job as a product manager is to turn this emotional-based decision-making process into one that is grounded in fact.  Currently, you have many different ideas to help you reach your one true goal.  Frameworks like the RICE method can help these ideas to put the product in the best sport it can be going forward.

Comments

Post a Comment

Popular posts from this blog

Dynamic Systems Development Method

dsdm Dynamic systems development approach (DSDM) is an agile framework that follows an iterative technique to software improvement. The imperative concept on which it's miles based totally is that “any challenge ought to be aligned to truely defined strategic goals and awareness upon early delivery of actual advantages to the commercial enterprise”. Continuous consumer involvement is critical in DSDM. The DSDM is an agile improvement version. In common usage DSDM is referred to as the ‘grown up’ model of agile framework. The DSDM become invented in 1994. Before that Rapid Application Development became the typically used agile framework. DSDM advanced as an extension of RAD.  DSDM Framework DSDM framework may be categorised into 3 phases  Pre-undertaking section: Here we pick out out the tasks which are to be worked on, register the price range or funds required (and available), and challenge commitment is established. Project lifestyles cycle: Project lifecycle covers the ti...
Read more

Method Of Procedure (MOP)

Method of Procedure  The technique of technique is essentially a hard and fast of strategies you choose of entirety of any project. It facilitates the personnel in the task process by way of decreasing complexities by supplying a fixed of little by little commands.  The principal reason of the approach of method is to acquire the goal by means of guiding the moves. It is quite useful in data centers.  The MOP examines the approaches in an operation in element. Though each MOP varies relying at the challenge, the simple components of MOP are: version control, writer, date, identifier and the approval signature. The different information that an MOP has, encompass conditions, protection requirements, unique tools and components, process sequencing, and a again-out plan.
Read more

What is Market Penetration Strategy?

Market Penetration Strategy Market Penetration Strategy is the tactic used by any product development team or employer to enter and seize a new marketplace. This is applicable to an existing marketplace in which merchandise much like the current one exist already and the business enterprise attempts to enter the market with a brand new product.  Market penetration is also used as a scale to measure the share of the marketplace a selected product or service is capable of seize. A business enterprise also can use this approach to increase their business or saturate the client base in the market. What is an effective Market Penetration rate? Market penetration rate measures how a whole lot of your product is used or sold through the customers in evaluation to the approximate general market for that product. In order to calculate the Market penetration fee, you need to recognize the entire addressable market (TAM). The components is as follows:  Market Penetration Rate = (Number ...
Read more